Shares of Deere & Company (NYSE:DE) traded at a new 52-week high today of $315.14. Approximately 403,000 shares have changed hands today, as compared to an average 30-day volume of 1.5 million shares.
In the past 52 weeks, shares of Deere & Company have traded between a low of $106.14 and a high of $315.14 and is now at $314.03, which is 196% above that low price.
Deere & Company (NYSE:DE) is currently priced 1.6% above its average consensus analyst price target of $308.85.
Deere is the world’s leading manufacturer of agricultural equipment with approximately $35 billion in annual revenue, including $3.4 billion from its financial services arm. The company is divided into two reportable segments: (1) agriculture and turf and (2) construction and forestry. Approximately 60% of Deere equipment is sold in North America and Canada. The principal products harvested by Deere equipment include grain, oilseeds, cotton, sugar, and biomass. In 2020, agriculture and turf made up approximately 71% of total revenue while construction and forestry generated 29%.
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